Ouch!!! Wet rates keep going up!
"Ken Finney" wrote in message
. ..
You could look at this like a "rebalancing your portfolio" exercise.
By pulling SOME of the increased equity out of your house and putting it
into a seperate account, you'd have money to pay the extra property tax, and
quite a bit more money to fly. You can get pretty close to 5% on the
account, and if it gets a little too flush because of a lack of flying etc,
you can use the extra to pay down the house.
I can think of very few good reasons to mortgage my home, and "flying money"
is surely not among them. There are hundreds of thousands (perhaps millions)
out there right now who answered that siren call and are now watching their home
equity loans reset to a higher interest after they blew the money.
Vaughn
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